en.bitcoinsistemi.com
Tokyo-based publicly traded Bitcoin treasury firm Metaplanet announced that it has applied to issue 555 billion Japanese yen (approximately $3.7 billion) worth of stock to fund its strategy of accumulating Bitcoin until 2027.
Metaplanet Plans to Issue $3.7 Billion in Bitcoin Purchases by 2027
This shelf registration, valid from August 9, 2025, to August 8, 2027, will allow Metaplanet to issue these securities in increments, depending on market conditions. The company stated that this move aims to strengthen its previously announced goal of accumulating 210,000 BTC by 2027.
This new capital increase plan represents approximately 75% of the company's current market capitalization of 729.45 billion yen and has the potential to significantly change Metaplanet's future direction.
However, the company emphasized that it currently has no plans for a private share issue, announcing that the plan has not yet been finalized. Furthermore, for the issuance to proceed, a proposal to increase the number of authorized shares from the current 1.61 billion to 2.723 billion must be approved at the Extraordinary General Assembly (EGM) on September 1st.
If approved, the company will be able to issue two new types of perpetual preferred stock: “Class A” and “Class B.” These shares, each expected to be worth 277.5 billion yen, will receive dividends of up to 6%, prioritizing ordinary shareholders, and the proceeds will be used directly to purchase bitcoin.
Currently, Metaplanet holds a total of 17,132 BTC, including its most recent purchase of 780 BTC on July 28. Based on Bitcoin's current market price of $114,396, the company's total assets are worth approximately $1.95 billion.
*This is not investment advice.